Overview
- XRP fell 4.3% to $2.22 in the latest session before a high‑volume V‑shaped rebound settled trade into a tight $2.22–$2.23 range, with the broader downtrend intact.
- Canary Capital’s U.S. spot XRP ETF (XRPC) launched with about $58.6 million in first‑day volume and roughly $248–$250 million in early inflows, expanding access without stabilizing price.
- Glassnode data show long‑term holders offloaded about 181.5 million XRP on Nov. 14 after 102.5 million on Nov. 3, while short‑term cohorts accumulated; Chaikin Money Flow sits negative as reported volumes slump.
- Traders are watching a firm reclaim of $2.24 and then $2.31 to rebuild structure, with resistance flagged near $2.41–$2.456 and support around $2.16, then $2.02–$1.88 if selling resumes.
- Analysts cite BTC-led risk-off conditions as a key drag on XRP, noting the token’s strong correlation to Bitcoin during market stress even as ETF inflows signal institutional interest.